By Sheri Kasprzak
New York, June 2 - Altinex ASA settled a NOK 499,999,000 private placement with a group of institutional and professional investors.
The investors purchased 322,580,000 shares at NOK 1.55 each.
SEB Enskilda ASA was the bookrunner for the offering with Pareto Securities ASA and Handelsbanken Capital Markets as co-agents.
The proceeds will be used for the acquisition of Denerco Oil A/S.
Altinex, based in Oslo, Norway, is the holding company for Altinex Oil ASA, an oil and natural gas exploration company.
| Issuer: | Altinex ASA
|
| Issue: | Stock
|
| Amount: | NOK 499,999,000
|
| Shares: | 322,580,000
|
| Price: | NOK 1.55
|
| Warrants: | No
|
| Placement agents: | SEB Enskilda ASA (lead), Pareto Securities ASA, Handelsbanken Capital Markets
|
| Settlement date: | June 2
|
| Stock symbol: | Oslo: ALX
|
| Stock price: | NOK 1.72 at close June 1
|
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